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Reduction in Income Tax Rate Thailand Cabinet has approved in principle the draft Royal Decree issued under revenue code on decreasing revenue rate, which adjusts the personal income tax rate. The decree adjusts the rate for income tax calculation from 5 rates to 7 rates and reduced the top marginal tax rate from 37 percent to 35 percent. It should be recalled that Thailand already offers one of the lowest corporate income tax rates in the region.

Reduction in Income Tax Rate  
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